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Asian indices are set for a mixed open following a hawkish Federal Reserve outlook, with the Nikkei 225 up 0.32% while the ASX 200 and KOSPI decline by 1.12% and 1.28%, respectively. Key economic data, including China's loan prime rate decision and upcoming U.S. core PCE price data, will be closely monitored as they may influence market sentiment and Treasury yields. The ASX 200 is testing support levels, while the Singapore Blue Chip index shows signs of bearish divergence, and the China A50 remains range-bound amid policy uncertainty.
IG
Market participants anticipate minimal surprises from the central bank, expecting rates to remain steady while hinting at gradual hikes in 2025. The Fed's recent 25 basis point cut has shifted projections, now favoring two cuts in 2025 and two in 2026, amid rising inflation and growth forecasts.The hawkish tone from the FOMC meeting led to a sell-off on Wall Street, with Treasury yields surging and the US dollar reaching its highest level since November 2022. Asian markets followed suit, with the Nikkei 225 testing key support levels as traders await the Bank of Japan's upcoming meeting.
IG
Asian shares declined following disappointing economic data from China, impacting market sentiment. Meanwhile, bitcoin reached new highs, showcasing a contrasting trend in the cryptocurrency market. Investors are closely monitoring these developments as they navigate the current financial landscape.
US stocks declined following mixed inflation reports and rising jobless claims ahead of the FOMC meeting. The ASX 200 also pulled back as strong labor data diminished expectations for an RBA rate cut. Key economic indicators are set for release next week, including US retail sales and central bank meetings in Australia, Japan, and the UK.
IG
The Dow Jones index has slightly declined after reaching 45,000, with potential for a new record high later this month despite typical early December weakness. Meanwhile, the S&P 500 has achieved new highs, while the Nikkei 225 has rebounded past 39,000, aiming for the 40,000 level after consolidating since late September.
IG
Asian markets opened quietly, with modest gains in major indices amid fresh US tariff threats targeting BRICS nations. Investors are focused on upcoming US labor data, anticipating a rebound in job additions but a slight rise in the unemployment rate. China's mixed PMI data reflects some success from stimulus measures, yet ongoing tariff uncertainties may limit risk-taking. The Hang Seng Index is stabilizing but remains within a falling wedge pattern, with a critical level at 20,000 to watch for potential buyer control.
IG
The Asian markets opened quietly as traders await US labor data that could influence the Federal Reserve's rate decisions, with expectations for a rebound in job additions. China's PMI data shows slight improvement, but weak domestic demand raises concerns about sustainability. The Hang Seng Index is stabilizing but remains under pressure, needing to surpass the 20,000 mark to regain buyer control.
IG
Asian markets exhibit mixed performances amid cautious risk sentiment, influenced by Donald Trump's tariff threats. The Nikkei 225 is down 0.40%, while the ASX 200 rises 0.56%. In Australia, inflation data shows a CPI drop to 2.1%, complicating rate expectations for the central bank. The AUD/USD pair responds positively, defending an upward trendline support.
IG
The Asian markets are poised for a mixed opening, with the Nikkei up 0.98% and KOSPI down 0.48%, influenced by a less dovish stance from the Federal Reserve. Economic data from China, including retail sales and industrial production, is anticipated to show improvement, potentially boosting market sentiment. The Nikkei 225 remains within a rising wedge pattern, with key support at 38,320 and resistance levels at 40,200 and 41,000.
IG
The Nikkei 225 remains range-bound, trading between last week's low of 40,168 and Friday's low of 38,944, with a potential rise above 40,168 targeting 40,286. The FTSE 100 shows a positive start, bouncing off its support zone of 8,070 to 7,056, though light trading volumes caution against over-optimism. Meanwhile, the DAX 40 is on an upward trajectory, approaching Friday's high of 19,453, with further gains possible if it surpasses this level, while the uptrend line at 19,088 provides support.
IG
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